Thanks to all for your thoughts and prayers. I got a Full Week plus 15 minutes with my Dad before he crossed while holding my hand.

Meanwhile, back at the Ranch, I have spent the last 24 hrs trying to catch up on All the changes here @FF including the little Green 1KT Icon attached to my Avatar. Thanks to those that endorsed me. I now feel the obligation that comes with it.

Killer B.The Pairs.
I prefer GBP/USD but that is not to say that this is the only pair it works on. Find Your Eddy.
I would now like to open the conversation on the Stohs and anything else you are not 100% sure of.

Concerning your system, I think the great loophole here will be when volatility changes from week to week or you get false breakouts + stop hunting..etc. Quitting before 80% may have statistical significance and will probably coincide with all sorts of nice fibs and things, but entering on 20% regardless of the price action pattern is a different matter. Maybe you could combine this with a news indicator to eliminate entries on spikes?

Thanks to all for your thoughts and prayers. I got a Full Week plus 15 minutes with my Dad before he crossed while holding my hand.

Meanwhile, back at the Ranch, I have spent the last 24 hrs trying to catch up on All the changes here @FF including the little Green 1KT Icon attached to my Avatar. Thanks to those that endorsed me. I now feel the obligation that comes with it.

Killer B.The Pairs.
I prefer GBP/USD but that is not to say that this is the only pair it works on. Find Your Eddy.
I would now like to open the conversation on the Stohs and anything else you are not 100% sure of.

Concerning your system, I think the great loophole here will be when volatility changes from week to week

Ignored

Understood and Agreed. That's why I {not mentioned before} use the MDR from the previous {MAX} 2 Weeks.
{or you get false breakouts + stop hunting..etc. Quitting before 80% may have statistical significance and will probably coincide with all sorts of nice fibs and things, but entering on 20% regardless of the price action pattern is a different matter.}

Possibly but in reality, not likely. News is a Crapshoot & cannot be predicted. Niether can the potential Spike & Revarsal of same.

You either believe your system will carry you through the News OR simply Trade The News.

Ignored

Thanks for the reply, maybe I wasn't clear enough though: what I meant there was the third option: staying out. If you know there is heavy news, or a series of important news items in succession, you always have the option of ignoring the associated high volatility and waiting for the "sane" movements that come 30 min - 1 hour later (usually) before you do the 20% thing and enter. Just a thought

Just a follow up on this system. I tracked this system both backtesting and watching in present day during several different market types (trending, ranging etc) and found this.

Out of 76 days on EUR/USD, the limit TP was reached 34 times. The SL was reached 37 times. The others didn't get stopped or reach their TP, though would have been closed with a profit or a loss at end of day. If one were to only enter one trade a day, this would be profitable. This is because the TP is .60% and a loss is .40%. Biggest loss stretch in a row was 7.

That is 44% accuracy, from scratch.

Now, given that this doesn't factor in ANY discretion at all such as trend direction, big news releases and the MOST IMPORTANT of all ... TP before the limit TP and never let it go all the way against you to the SL limit, I would say that this is a fair foundation. I am curious if someone else has tracked this at all besides Bemac?

Also, Bemac, if you may, if left completely alone ... what % figure have you seen resulting from your setup? I know you trade GBP/USD, though spread is significantly lower on my EUR/USD than GBP/USD. 3.0-3.3 vs .9-1.5. I know you have additional elements, I am just wondering strictly about the .20% and .80% targets?

Thanks for any insight.

EDIT: I know I cheated as well with using an ATR in MT4. I didn't calculate exactly how you did. This may hurt % also. I didn't do this strictly as a test of your specific setup, it was an effort to calculate a very like setup to understand how probable something is or isn't. Hope I don't offend at all.

Back in July, I had a {Demo} system server kill the account as it thought my USDJPY Trade was USDCAD or something like that. So... It Bought USDCAD @ 114.?? and Immediatly closed the accont on Call as, obviously, the USDCAD was close to 1.0000 {The server thought I had lost 113 Big Points on a USDCAD Trade (-11.3 Million Dollars), damn, I knew I should have Sold} But I digress...
Anyway... I opened a new demo account and plopped KB on a couple of Pairs.

Here is an XL sheet to date. Carve it and shape it as you please.

I'm thinking of opening Several New Accounts and assigning each Acct. 1 Pair to Trade as this will, in the Future, give us Hard Numbers for comparison over some Majors.

Back in July, I had a {Demo} system server kill the account as it thought my USDJPY Trade was USDCAD or something like that. So... It Bought USDCAD @ 114.?? and Immediatly closed the accont on Call as, obviously, the USDCAD was close to 1.0000 {The server thought I had lost 113 Big Points on a USDCAD Trade (-11.3 Million Dollars), damn, I knew I should have Sold} But I digress...
Anyway... I opened a new demo account and plopped KB on a couple of Pairs.

Here is an XL sheet to date. Carve it and shape it as you please.

I'm thinking of opening Several New Accounts and assigning each Acct. 1 Pair to Trade as this will, in the Future, give us Hard Numbers for comparison over some Majors.

Ignored

Hi Bemac,

Any updates (spreadsheets) on how your system has fared on other pairs so far?

This is not my Live Account & therefore has no Lot Size Calcs involved in it. Trading 1 Lot simply made my Live Account Lot Size easier to calculate. But yes, you are 100% correct in recognizing that the Returns posted on the Demo are with micro mini sphincter risk.

thanks for the reply..your assumption about what i meant was right ...but how do i know what the day will do sych that i can say this is the difference between the high and low of a particular trading day...what i am sayng is......how do i know if a day is a sell day or buy day?will be very happy to hear back from you....happy pips taking.

hi bemac
thanks for your nice strategy
i would like to know since i m new to VT , the trading system you have posted does trade automaticaly when we activate the trading system or we need to place orders manualy as we understand the system
thanks

Indicator which shows the trades with these rules......Rules:
Take high low and calculate average
Buy: When price moves X% from average away(up); TP Y% and SL average
SeLL: When price moves X% from average away(dn); TP Y% and SL average
Whos interested to test...write here